Turkey to become 'property investment hotspot' this year

A fall in popularity for Spanish property among British investors is likely to lead to Turkey challenging to be the investment hotspot for real estate buyers this year, it has been claimed.

Atlas International has predicted that low prices, ease of access for foreigners and exotic culture will draw individuals to the Turkish market.

James Dearsley, European sales manager at the firm, explained that the destination was now in direct competition with Spain for buyers.

"What we have seen this year is Turkey has continued to be a global force since it really emerged on the market last year," he added.

"Whereas last year it was an absolute 100 per cent winner, this year it is now competing with Spain to be the top country."

Investors looking to buy real estate in Mugla will be interested in news that Bodrum is among the destination's "growth areas".

The comments come after Global Property Guide's mid-2010 report named Turkey as one of the best places for investors to buy real estate in Europe during the second half of 2010.

According to the site, the country's young population, geographical location and competent government were likely to make it a popular destination for real estate buyers.

Like this? Then share with your friends and colleagues!